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December 2016

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Statistics show that in past two years Chinese export rebate rates were adjusted six times whereas RMB appreciation surpassed 20 percent. Besides these, hike in labour and raw-material cost is adding to the plight of textiles enterprises.

Reportedly, leather and fur exporters of Guangdong Province are among those that have been worst hit.

In the past, many companies would label their products with fake Underwriters Laboratories (UL) symbols. Though this was not the right path, it increased orders and helped firms to survive in international markets.

UL symbol is a safety authentication organization. Since this product safety mark is accepted by most countries and regions, export orders are bigger and also help lift production capacity.

Now, forging this mark has become almost impossible. In the beginning of 2008, Organization developed a new symbol using advanced technology. Ever since, this is the only UL mark accepted all over the world.

Professionals say that it will require not only advanced technology but also high talent and deep research to copy this mark. Thus, they believe that nobody will be able to forge UL symbol for atleast next few years.

Government has also promised support for this move.

Experts say that this initiative was absolutely necessary to protect reputation of Chinese products on international market. Besides, this will also ensure safety and welfare of consumers.